MAM Software Group (NASDAQ:MAMS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $8.50 price target on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.84% from the stock’s previous close.

According to Zacks, “MAM Software Group, Inc. develops and markets software solutions with the objective to bring competitive advantages and increased profitability to its clients and business partners. The Company is bringing its professional business management systems and e-commerce solutions to the US automotive aftermarket. The Company’s Autopart v20 software is an enterprise management solution for two step parts distributors and jobbers. It is a feature-rich, Windows-based application offering fully-integrated point-of-sale, inventory control and accounting functionality. “

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Separately, B. Riley lifted their target price on shares of MAM Software Group from $8.00 to $8.50 and gave the stock a “neutral” rating in a research report on Monday, February 12th.

Shares of MAM Software Group (NASDAQ MAMS) opened at $7.60 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.50. MAM Software Group has a 1 year low of $5.93 and a 1 year high of $9.42. The company has a market cap of $94.96, a P/E ratio of 22.88 and a beta of -0.06.

MAM Software Group (NASDAQ:MAMS) last posted its earnings results on Thursday, February 8th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. MAM Software Group had a net margin of 12.46% and a return on equity of 40.12%. The business had revenue of $8.50 million for the quarter, compared to the consensus estimate of $8.28 million. analysts predict that MAM Software Group will post 0.31 earnings per share for the current year.

In other MAM Software Group news, Director Dwight Mamanteo sold 80,224 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $7.60, for a total transaction of $609,702.40. Following the completion of the transaction, the director now owns 210,379 shares in the company, valued at approximately $1,598,880.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William Austin Iv Lewis sold 122,000 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $7.55, for a total transaction of $921,100.00. Following the transaction, the director now owns 606,441 shares of the company’s stock, valued at approximately $4,578,629.55. The disclosure for this sale can be found here. 32.46% of the stock is owned by company insiders.

An institutional investor recently raised its position in MAM Software Group stock. Cove Street Capital LLC grew its position in shares of MAM Software Group Inc. (NASDAQ:MAMS) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 626,786 shares of the technology company’s stock after purchasing an additional 107,586 shares during the quarter. Cove Street Capital LLC owned about 4.98% of MAM Software Group worth $4,707,000 as of its most recent SEC filing. 31.34% of the stock is owned by hedge funds and other institutional investors.

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MAM Software Group Company Profile

MAM Software Group, Inc (MAM) is a technology holding company. The Company is a provider of cloud-based business and on premise management solutions for the auto parts, tires and vertical distribution industries. Its segments include MAM UK and MAM NA. It operates through three subsidiaries: MAM Software, Inc (MAM NA), MAM Software Limited (MAM Ltd.) and Origin Software Solutions Ltd.

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